The Over-financialization of the American Economy

Reader comment on: JP Morgan Chase Jobs To Texas

Submitted by Ron B Liebermann (United States), Nov 12, 2019 20:19

J.P. Morgan Chase is not a symbol of American success. It's a symbol of American failure. Yes, I know that financial firms are necessary in a capitalist economy. But not to the extent which we have now. Running numbers does not create value. Those guys are just playing a giant poker game. And while Wall Street con-men walk away with billions, our factories disappear. This can't go on forever. Nowadays people get paid for talking, not for working. And let's be honest: Wall Street is fake anyway. Insiders get important information months before it appears on the news. So let's cancel Wall Street for twenty years; and tell people that money has to be earned, not stolen.

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Title By Date
⇒ The Over-financialization of the American Economy [117 words]Ron B LiebermannNov 12, 2019 20:19
JP Morgan has a huge presence in texas in terms of branches [208 words]lyleNov 9, 2019 13:44
Jp morgan got a head start during the bank merger wave [131 words]lyleNov 3, 2019 13:29

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